Urjit Patel

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Bad loans at 9.6% not acceptable, need to raise funds: RBI Governor Urjit Patel

The government would dilute its stakes in the state-run banks to raise extra capital, suggested Urjit Patel.

RBI, RBI repo rate, RBI policy rate, RBI policy, RBI interest rate, RBI policy review, urjit patel, business news, market news, india news

RBI cuts repo rate by 25 basis points: Full text of the Monetary Policy Committee

India’s Monetary Policy Committee cut’s decides to cut the repo rate by 25 basis points, but, aims remain “focused on its commitment to keeping headline inflation close to 4 per cent on a durable basis”.

RBI, RBI policy panel, Monetary Policy Committee, Reserve Bank of India, farm loan waivers, repor rate, rate cut, indian express news, india news, business news

RBI aims to keep retail inflation near 4 per cent on ‘durable basis’

“Excluding the HRA impact which will affect the CPI cumulatively, inflation would be a little over 4 per cent by fourth quarter as against 4.5 per cent inclusive of the HRA in the June statement (of RBI policy),” Urjit Patel said.

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GST helped inflation to fall significantly: Urjit Patel

The Reserve Bank of India on Wednesday slashed the repo rate by 25 basis points to 6 per cent. The growth forecast has unchanged at 7.3 per cent for the current fiscal, said RBI Governor

RBI, RBI repo rate, RBI policy rate, RBI policy, RBI interest rate, RBI policy review, urjit patel, business news, market news, india news

Still counting demonetised notes: RBI chief to House panel

The RBI informed the Standing Committee on Finance, headed by senior Congress leader M Veerappa Moily, that it had issued tenders for fresh Currency Verification Processing System (CVPS) machines to speed up the counting.

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RBI Governor Urjit Patel appears before Parliamentary panel for second time

During the course of the meeting, one Congress member even asked whether Reserve Bank of India would be able to provide details of amount of cash deposited post-demonetisation by May 2019–the time when the NDA government completes its five-year term

RBI, RBI repo rate, RBI policy rate, RBI policy, RBI interest rate, RBI policy review, urjit patel, business news, market news, india news

Parliamentary panel to question RBI Governor Urjit Patel on demonetisation today

The panel members have planned to ask Urjit Patel questions regarding RBI’s preparedness for digital transition. They will also question about how much money has come back into the system after the November 8 decision to place the existing currency notes of Rs 1000.

Urjit Patel, GST, Tax regime, Fintech

GST part of digitisation push, will broaden tax base: Urjit Patel

‘Not overly pessimistic about jobs scenario in IT; start-ups can compensate’

RBI, RBI repo rate, RBI policy rate, RBI policy, RBI interest rate, RBI policy review, urjit patel, business news, market news, india news

GST to lower overall tax burden over time: Urjit Patel

The RBI Governor said that creation of a national market, GST will also reduce many inefficiencies within the states while moving goods from within a state and also across the country

Monetary policy, repo rate, Ravindra H Dholakia, RBI

Monetary Policy Committee minutes: Ravindra H Dholakia sought 50 bps rate cut in June review

The vote marked the first non-unanimous decision in the five meetings since the MPC was formed in September 2016.

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Urjit Patel has not understood the index of rural distress

Unfortunately, Governor Urjit Patel of the Reserve Bank of India has not been able to understand the index of distress of farmers, when he demonstrated the negative impact on the economy due to farm loan waivers.

Urjit Patel, GST, Tax regime, Fintech

Monetary Policy Review: Why RBI said no to government

RBI Monetary Policy Review: Request for meeting came in ‘silence’ period, bank wanted to retrieve ground lost after noteban

RBI, urjit patel, demonetisation

Standoff over rates: RBI panel said no to meeting with Finance Ministry before review

Central bank resists, doesn’t cut; Govt says there’s strong case for easing rate

RBI, Urjit Patel

Second bi-monthly monetary policy statement for FY18: RBI holds interest rates steady

Cuts SLR by 50 bps to 20% of deposits , tightens overseas rupee bonds norms, slashes GDP estimate

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Farm loan waivers can lead to fiscal slippages, cautions RBI Governor Urjit Patel

His remarks come in the backdrop of a slew of farm loan waivers granted or promised by various state governments in the run-up to the 2019 Lok Sabha elections in the country.